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Composition of Oil Service HOLDRS
The specific
share amounts for each round-lot of 100 Oil Service HOLDRS are set forth in the table
below. The share amounts specified will not change except for changes due to
corporate actions or reconstitution events. Component list as of 03/22/04.
| Company Name | Symbol | # of shares | % Weight |
| Baker Hughes Incorporated | BHI | 21.00 | 10.75% |
| BJ Services Company | BJS | 14.00 | 8.70% |
| Cooper Cameron Corporation | CAM | 4.00 | 2.55% |
| Diamond Offshore Drilling, Inc. | DO | 11.00 | 3.96% |
| ENSCO International Incorporated | ESV | 11.00 | 4.41% |
| Globalsantafe Corp | GSF | 19.98 | 7.74% |
| Grant Prideco Inc | GRP | 9.00 | 1.90% |
| Halliburton Company | HAL | 22.00 | 9.12% |
| Hanover Compressor Co | HC | 5.00 | 0.76% |
| Nabors Industries Ltd | NBR | 12.00 | 7.65% |
| National-Oilwell Inc | NOI | 7.00 | 2.80% |
| Noble Corporation | NE | 11.00 | 6.06% |
| Rowan Companies, Inc. | RDC | 8.00 | 2.60% |
| Schlumberger Limited | SLB | 11.00 | 9.85% |
| Smith International, Inc. | SII | 8.00 | 6.04% |
| Tidewater Inc. | TDW | 5.00 | 2.16% |
| Transocean Inc | RIG | 18.00 | 7.37% |
| Weatherford International Ltd | WFT | 9.00 | 5.57% |
Download the component list
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Trading Units
A round lot is 100 HOLDRS. Odd lots (fewer than 100 HOLDRS) WILL NOT TRADE. |
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Price Quotations
Quoted in dollars and cents. Minimum price variation will be $0.01 (a penny). |
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How to Purchase or Sell Oil Service HOLDRS
Oil Service HOLDRS may be acquired in two ways:
- through the deposit of the required number of shares of common stock of the underlying
issuers with the trustee, or
- through a cash purchase in the secondary trading market.
Oil Service HOLDRS may be disposed of in two ways:
- Oil Service HOLDRS may be canceled by turning them into the trustee, The Bank of New York,
and withdrawing the underlying securities, or
- Oil Service HOLDRS may be sold on the secondary market.
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Selling Short
Exempt from SEC Rule 10a-1(short sale rule). |
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Life of Oil Service HOLDRS Trust
The Oil Service HOLDRS Trust will terminate should any of the following occur:
- The Oil Service HOLDRS are delisted from The American Stock Exchange and are not listed for
trading on another national securities exchange or through Nasdaq within 5 business days
from the date of delisting.
- The Trustee resigns and no successor trustee is appointed within 60 days from the date
the trustee provides notice of its intent to resign.
- 75% of beneficial owners of outstanding Oil Service HOLDRS vote to dissolve and liquidate
the trust.
- Final termination date December 31, 2041.
If a termination event occurs, the trustee will distribute the underlying securities to
owners as promptly as practicable after the termination event. |
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Shares Outstanding
The number of outstanding Oil Service HOLDRS will increase and decrease as a result of deposits
and withdrawals of the underlying securities. The trust will stand ready to issue
additional Oil Service HOLDRS on a continuous basis when an investor deposits the required
shares of common stock with the trustee. |
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Fees and Expenses
Custody Fees: The Bank of New York, as trustee and custodian, will charge you a quarterly
custody fee of $2.00 for each round-lot of 100 Oil Service HOLDRS to be deducted from any
cash dividend or other cash distribution on underlying securities received by the trust.
The Trustee will waive any portion of the custody fee which exceeds the total cash
dividends and other cash distributions received.
Issuance and Cancellation Fees: Oil Service
HOLDRS may be created by delivering to the trust the requisite whole shares of common
stock evidencing an Oil Service HOLDRS , The Bank of New York as trustee will charge an
issuance fee of up to $10.00 for each round-lot of 100 Oil Service HOLDRS . To cancel Internet
HOLDRS and withdraw the underlying securities, The Bank of New York as trustee will charge
a cancellation fee of up to $10.00 for each round-lot of 100 Oil Service HOLDRS . You can
only deposit or cancel Oil Service HOLDRS on an in-kind basis in round-lots of 100 Internet
HOLDRS. |
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Minimum Customer Margin
For purchases, 50%; for short sales, 150%. |
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Settlement Date
For trades, three New York business days. HOLDRS are in book-entry form held at The Depository
Trust Company (DTC). |
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Settlement
Next New York business day following expiration. |
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Trading Hours
9:30 a.m. to 4 p.m. New York time. |
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Trading System
Specialist/Registered Options Trader. |
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CUSIP Number
678 002 10 6 |
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Trading Symbol
OIH |
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Underlying Index Symbol
OXH |
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| The information in this specification sheet is
not complete and may be changed. For complete details regarding rights relating to
Oil Service HOLDRS and rights relating to the underlying securities please refer to the
prospectus. This is not an offer to sell Oil Service HOLDRS and we are not soliciting offers
to buy Oil Service HOLDRS in any state where such offer or sale is not permitted.
“HOLDRS” and
“HOLding Company Depositary Receipts” are service
marks of Merrill Lynch & Co., Inc. |
